Morning-OutlookNIFTY:

The  Nifty opened at 15067.20 with a big gap up of 144 points. The index traded very choppy, narrow and sideways. In this process the index first recorded its intraday low at 15043.70 and then its intraday high at 15137.25. Finally the index ended at 15108.10 with a gain of 184,95 points. The Auto, Banks and Financials have led the bulls and closed with gains. The FMCG and Pharma continued its underperformance and closed with minor losses. It was a choppy day where prices have moved sideways within a narrow range intraday and finally closed near its opening tick.

The index broke above its resistance of 15000 decisively and closed above it. Short term trend has changed to up.

We should look to buy today if we get a dip till 15000. But if markets do not fall we should look to buy above 15150 or above the high of the first 15 minutes. Keep a stop of 100 points and target of 240 points.

BANK NIFTY:

Bank Nifty opened at 33892.10 with a big gap up of 433 points. The index rallied further and recorded its intraday high at 34142.85. Prices then saw a sharp fall and recorded its intraday low at 33730.45. Private Banks have performed well and closed with a gain while PSU Banks have underperformed and closed with loss. Within the index, HDFC Bank contributed highest while SBIN the lowest.

Bank Nifty opened with a gap up and holds onto the gains. It was a narrow and choppy day where prices have moved within a narrow range. The index has broken well above 33500 resistance.

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TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
LT 1417.30 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 1400 and for the target 1440
HINDZINC 345.50 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 339 and for the target 356

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DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
TATAMOTORS 335 CE BUY 14.45 CMP 11 19 OI increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
FINNIFTYW.21.05 May 16196.1 1.71 902.94 13640 BHARTIARTL.21.05 May 538.6 -2.13 7.03 105453321
MINDTREE.21.05 May 2101.4 0.62 14.92 1759600 GODREJCP.21.05 May 820.1 -2.72 4.53 5126000
ASHOKLEY.21.05 May 123.6 6.51 12.36 34573500 ALKEM.21.05 May 2964.9 -0.99 3.24 414800
MPHASIS.21.05 May 1773.75 0.53 11.92 338650 INDUSTOWER.21.05 May 244 -0.2 0.71 10696000
IOC.21.05 May 106.1 3.51 10.18 76836500 GAIL.21.05 May 153.65 -0.13 0.7 33196200
                                                                        Short Covering Long Unwinding
Stocks Price Price% OI% OI Stocks Price Price % OI % OI
ESCORTS.21.05 May 1183 3.59 -15.78 2801150 CANBK.21.05 May 146.85 -4.39 -10.07 49453200
CONCOR.21.05 May 610.1 7.03 -13.65 5697135 SBIN.21.05 May 383.35 -0.44 -4.15 100404000
RBLBANK.21.05 May 199.55 0.78 -13.31 20671200 BRITANNIA.21.05 May 3486.95 -0.26 -3.8 1549800
LT.21.05 May 1422.6 2.42 -8.77 13926500 BANKBARODA.21.05 May 76.95 -0.84 -3.65 127260900
NAM-INDIA.21.05 May 350.6 0.69 -8.4 977600 SIEMENS.21.05 May 2044.1 -1.29 -3.18 979825

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TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Pvr Limited 1194.45 3.23 2227408 771129 67.1 Nifty Auto 10324 3.22 78166018
Hdfc Ltd. 2502.85 0.66 2844233 2836497 63.7 Nifty Energy 19201.55 1.88 2014155
Maruti Suzuki India Ltd 6811.1 1.39 805827 630130 63.28 Nifty Media 1622.65 1.68 493888283
Kotak Mahindra Bank Limi 1755.1 0.63 4658414 2603887 61.83 Nifty Metal 5294.4 1.66 151094190
Tech Mahindra Limited 970.75 1.83 2000985 1402708 61.49 Nifty Bank 33922.4 1.38 23640028
Tata Consultancy Serv Lt 3088.8 0.62 2098538 1759849 60.88 Nifty 50 15108.1 1.24 53164352
Icici Lombard General In 1487.05 0.78 442991 294243 58.13 Nifty it 25958.25 0.99 1359293
Hcl Technologies Ltd. 931.6 1.02 5913426 4544019 57.11 Nifty Realty 307.2 0.84 2147483500
Infosys Limited 1340 0.8 5620150 2842931 56.66 Nifty Pharma 13832.4 -0.19 57779541
Piind 2741.5 1.52 364422 213946 56.02 Nifty Fmcg 34741.45 -0.19 748453

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: Deposit Growth YoY MAY on 21st  May, 2021

INR: Bank Loan Growth YoY MAY on 21st  May, 2021

•USD:  FOMC Meeting Minutes on 19th May, 2021

•USD : Crude Oil Inventories on 19th May, 2021

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NEWS UPDATES

•Indian equities are likely to outperform their emerging market (EM) peers in 2021, says the latest report by Morgan Stanley and bets on domestic cyclical stocks followed by rate sensitives. The research and broking house, however, has kept its December 2021 target for the S&P BSE Sensex unchanged at 55,000 levels (base case; 50 per cent probability) for now – an upside of around 10 per cent from the current levels.

•Realty firm Macrotech Developers is expecting a 50 per cent jump in sales bookings this fiscal year to over Rs 9,000 crore as it remains bullish on demand for housing and warehousing properties despite the Covid-19 pandemic. In an interview with PTI, the company’s Managing Director (MD) and Chief Executive Officer (CEO) Abhishek Lodha said the company’s sales bookings stood at Rs 5,968 crore during 2020-21 fiscal as against Rs 6,570 crore in the previous year as almost six months were impacted in 2020.

•Canara Bank on Tuesday reported a standalone profit of Rs 1,010.87 crore for the fourth quarter ended March 2021 as provision for bad loans declined. The bank had posted a net loss of Rs 3,259.33 crore during the corresponding January-March 2020 quarter. Total income on a standalone basis during January-March rose to Rs 21,522.60 crore as against Rs 14,222.39 crore in the year-ago period, Canara Bank said in a regulatory filing.

•Sharp increase in Covid-19 vaccination led pharma demand as well as an expected healthy growth in end-user sectors like automobiles and construction is expected to drive revenue growth of glass makers, said Crisil. As per an analysis of 25 Crisil-rated glass-makers, revenues are expected to be driven up by 12 per cent on-year in fiscal 2022.

•Source: Economic Times,  Indian Express  ,Business Today, Livemint, Business Standard, Bloomberg Quint

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ANGEL Audited Results 19-May-21 RANEENGINE Audited Results 19-May-21
ENDURANCE Audited Results;Final Dividend 19-May-21 REDEXPR Audited Results;Quarterly Results 19-May-21
GRAVITA Audited Results 19-May-21 RSSOFTWARE Audited Results;Quarterly Results 19-May-21
HERITGFOOD A.G.M.;Audited Results;Final Dividend 19-May-21 SINTEXPLAST General 19-May-21
IBULHSGFIN Interim Dividend;General;Results 19-May-21 SMLISUZU Audited Results 19-May-21
INDORAMA Audited Results 19-May-21 SRAMSET Audited Results 19-May-21
IOC Audited Results;Final Dividend 19-May-21 TANLA ESOP;Results;Final Dividend 19-May-21
IRFC General 19-May-21 TCIEXP Audited Results;Final Dividend 19-May-21
JKTYRE Dividend;Audited Results 19-May-21 TDPOWERSYS Audited Results;Final Dividend 19-May-21
KAYA Audited Results 19-May-21 VISHNU Dividend;Audited Results 19-May-21
PRSMJOHNSN Audited Results 19-May-21 ZUARI Audited Results 19-May-21

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
GCCLINP 19-May-21 E.G.M. MINDSPACE 20-May-21 Income Distribution RITES
IRBINVIT 19-May-21 Income Distribution (InvIT) VIKASLIFE 20-May-21 Right Issue of Equity Shares
POWERINDIA 19-May-21 Dividend – Rs. – 2.0000 EMERALL 24-May-21 Stock  Split From Rs.10/- to Rs.5/-
GREENCREST 20-May-21 Consolidation of Shares KENNAMET 24-May-21 Interim Dividend – Rs. – 20.0000
IRCON 20-May-21 Bonus issue 1:1 WELSPUNIND 24-May-21 Dividend – Rs. – 0.1500
JOSTS 20-May-21 Stock  Split From Rs.10/- to Rs.5/- WELSPUNIND 24-May-21 Buy Back of Shares

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